The 2017-18 Budget: The Board of Equalization

Mar 7, 2017 - The administration requests $0.3 million in 2017-18 and $0.2 million in 2018-19 and ongoing for BOE to implement two of the laws described above: ABx2-11 and SBx2-5. Ongoing Workload Uncertain Due to Data Limitations...
https://lao.ca.gov/Publications/Report/3609

The 2018-19 Budget: California’s New Tax Departments

Apr 4, 2018 - New Laws Funded OTA in 2017 ‑18. The new laws appropriated $ 5  m illion in 2017 ‑ 18 t o establish OTA. The new laws also gave the administration the authority to augment this appropriation using a transfer of funds from BOE ’s budget to OTA ’s budget with notification to the Legislature.
https://lao.ca.gov/Publications/Report/3796

The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - Credits may be used to offset either personal income or corporation taxes and can be carried forward for up to six years. Over 1,200 credit agreements have been approved by GO-Biz since the program ’s inception.
https://lao.ca.gov/Publications/Report/5162

The 2017-18 Budget: An Overview of the Governor's Proposition 56 Proposals

Feb 22, 2017 - The proposed budget allocates all of this money to existing special funds. The Governor ’s budget did not provide a backfill to the tobacco tax that supports the General Fund, which the measure requires.
https://lao.ca.gov/Publications/Report/3573

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - As shown in Figure  5, roughly half of low-wage workers work at least 40 hours per week at their primary jobs. (In the CPS, roughly 4  percent of California ’s low-wage workers indicate that they hold multiple jobs.
https://lao.ca.gov/Publications/Report/4878/1

Long-term Capacity for Debt Payments Under Proposition 2

Dec 21, 2017 - In the 2017 ‑18 budget package, the Legislature approved a plan to make a $6  billion supplemental payment to CalPERS using a loan from the Pooled Money Investment Account. The administration has proposed using Proposition 2 debt payments to repay the General Fund’s share of the principal and interest on this loan (which the administration currently estimates is $3.4 billion).
https://lao.ca.gov/Publications/Report/3727

The 2026-27 Budget: CDTFA’s Cannabis and Tobacco Programs

Feb 23, 2026 - Second, the Legislature passed and the Governor signed Chapter  269 (AB  573, Rogers). This law will raise the annual license fee from $265 to $450 on July 1, 2026. It also authorized CDTFA to make further fee adjustments to cover program costs.
https://lao.ca.gov/Publications/Report/5132

The 2017-18 Budget: California Competes Tax Credit

Feb 27, 2017 - H owever, the number of businesses claiming California Competes tax credits will steadily rise over the coming years —to as many as 1,000 —before tapering off as existing tax credit agreements end and no additional agreements, under current law, are signed.
https://lao.ca.gov/Publications/Report/3586

The 2020-21 Spending Plan: Tax Changes

Oct 5, 2020 - Businesses may earn credits if they take actions the state wants to encourage, such as spending money on research and development. Tax credits reduce a business ’s tax bill directly, on a dollar-for-dollar basis.
https://lao.ca.gov/Publications/Report/4270

The 2017-18 Budget: Governor's Gann Limit Proposal

Mar 2, 2017 - By not counting $22  billion in spending toward the limit (labeled “nowhere money ” in the figure), the Governor frees up a like amount of room —essentially new state spending capacity under the Gann Limit.
https://lao.ca.gov/Publications/Report/3596